US EditionWhite House Withdraws Nominee for CFTC Chair
Opposition from crypto investors and concerns about agency reform led to the White House withdrawing Brian Quintenz's nomination to chair the Commodity Futures Trading Commission.
- On Tuesday, the White House withdrew Brian Quintenz's nomination to be a board member and chair of the Commodity Futures Trading Commission, Politico reported citing two people.
- Tyler and Cameron Winklevoss lobbied against the pick, pressing President Trump to rescind Quintenz's nomination and Quintenz released messages earlier this month showing disagreement with Tyler over a CFTC action involving Gemini.
- Having faced a June confirmation hearing, Quintenz was never put to a vote after the White House repeatedly asked the Senate Committee on Agriculture, Nutrition, and Forestry to pause votes in July while vetting alternatives.
- With Quintenz out, the commission now lacks a permanent chair and Acting Chair Caroline Pham leads the CFTC; a White House official said President Donald Trump will name a new nominee soon.
- Potential successor names have surfaced as the White House vets alternatives including Jill Sommers, Josh Sterling and Mike Selig while Congress considers expanding the CFTC's crypto role.
24 Articles
24 Articles
White House Pulls Brian Quintenz's Nomination to Lead CFTC
The Trump administration has officially withdrawn Brian Quintenz’s nomination to chair the Commodity Futures Trading Commission (CFTC). Quintenz, previously a CFTC commissioner and head of crypto policy at Andreessen Horowitz, was initially seen as a pro-crypto advocate who had widespread support in the industry. The withdrawal comes after significant opposition from Gemini co-founders and major Trump donors Tyler and Cameron Winklevoss, who rep…
White House Pulls CFTC Nominee After Criticism From Crypto Moguls
Donald Trump pulled his nominee to lead a powerful Wall Street regulator after cryptocurrency billionaires accused him of not being aligned with the president’s agenda.Brian Quintenz, who Trump had nominated to lead the Commodity Futures Trading Commission, told NOTUS he is “looking forward to returning to my private sector endeavors during this exciting time for innovation in our country.” He had stepped away from his role as global head of pol…
White House yanks Brian Quintenz nomination to head CFTC
The White House is pulling the nomination of Brian Quintenz, whom President Donald Trump nominated as a board member and chairman of the Commodity Futures Trading Commission. A White House official confirmed the news to the Washington Examiner. The CFTC handles the U.S. derivatives markets, including option trading, and aims to promote their “integrity, resilience, and vibrancy” through “sound regulation.” Politico reported that Quintenz, who ra…
White House withdraws nominee for CFTC chair
The Trump administration has withdrawn its nominee to lead the Commodity Futures Trading Commission (CFTC), a White House official confirmed Tuesday evening. Brian Quintenz, global head of policy at a16z crypto and a former CFTC commissioner, was tapped by President Trump in February to lead the agency, as it prepares to take on a larger role regulating the crypto industry. Quintenz initially appeared poised for an easy confirmation process. H…
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
